wjsharples1
Short

USDJPY Short Fib Retracement

FX:USDJPY   U.S. Dollar/Japanese Yen
USDJPY             has seen a strong uptrend over the previous weeks. Price has looked to slow down and peak, warranting a retracement. Short trade entered with stop loss above high of the uptrend. Take profit is at the 0.38 retracement. Nice 1:1.5 Risk: Reward.
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